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Scoresby suburb profile

Scoresby is a suburban gem located in Melbourne's eastern suburbs, approximately 29km from the CBD. Known for its peaceful residential atmosphere, Scoresby offers a family-friendly environment with a mix of modern homes and established properties. The suburb is well-served by local amenities, including shopping centres, parks, and schools, making it an attractive choice for families and professionals. Scoresby's proximity to the EastLink freeway provides convenient access to Melbourne and surrounding areas. With its blend of suburban tranquility and accessibility, Scoresby continues to be a desirable location for those seeking a balanced lifestyle.

Scoresby property market performance

Property growth-0.2%Past 12 months

Scoresby's property market has shown modest growth over the past 12 months, with house values increasing by 1.8%, bringing the median house price to approximately $998,750. The unit market has remained stagnant, with no change in median value, reflecting limited activity in this segment.

Sales activity has been relatively low, with 22 houses and only 2 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 32 days on the market, while the unit market shows negligible activity.

In the rental market, Scoresby has seen a slight increase in average rent prices, with house rents rising by 2.4% and unit rents by 5.9% over the last 12 months, indicating a stronger demand for rental properties, particularly units.

HousesUnits
Median price
Past 3 months
$981KN/A
Change in value
Past 12 months
2.1%-2.5%
Sold
Past 3 months
261
Median days on market
Past 12 months
35N/A
Average rent
Past 12 months
$630$593
Change in rent
Past 12 months
1.6%5.9%

5 year median price trend for houses and units

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Scoresby demographics

Scoresby, located in Melbourne's eastern suburbs, is a family-friendly area known for its peaceful residential environment and community-oriented lifestyle. With a population of 6,066 and a median age of 40, Scoresby attracts a mix of families and mature residents who appreciate its suburban charm and proximity to essential amenities. The suburb's median total household income of $1,965 per week reflects a comfortable standard of living, appealing to those seeking a balanced lifestyle.

Family life is a significant aspect of Scoresby, with 52.3% of households being couple families with children, highlighting its appeal to those raising families. Additionally, 31.1% of households are couple families without children, and 15.4% are one-parent families, indicating a diverse family structure within the community. The presence of parks, schools, and recreational facilities further enhances its attractiveness to families.

In terms of property ownership, Scoresby offers a stable housing market with 35.3% of properties owned outright and 41.7% owned with a mortgage. This suggests a strong sense of community and long-term residency among its inhabitants. Meanwhile, 23% of properties are rented, providing options for those seeking temporary accommodation or flexibility. Scoresby's blend of suburban tranquility, family-friendly amenities, and accessibility to Melbourne's urban offerings make it a desirable location for many Australians.

Scoresby infrastructure, key developments and investment opportunities

Scoresby is positioned as a practical eastern suburb with strong access to major employment and freight corridors, which continues to support buyer demand from families and commuters. Its location within the City of Knox also places it close to established retail, education and recreation amenities, helping underpin livability and long-term appeal.

No major suburb-specific redevelopments, transport upgrades or council-led changes with a clear property-market impact were identified in the available results at this time. As a result, Scoresby’s market outlook appears to be driven more by its established location and amenity base than by any recent large-scale infrastructure shift.

Scoresby rental market trends

The rental market in Scoresby has experienced moderate growth, with house rents increasing by 2.4% over the past year to $635 per week, while unit rents have seen a more significant rise of 5.9% to $593 per week. This steady growth reflects the suburb's appeal to both renters and investors seeking a balanced investment opportunity in a well-connected area.

Suburbs near Scoresby

Some popular suburbs near Scoresby include:

How does Scoresby compare to nearby suburbs?

  • Median house prices: Scoresby’s median house price is 4.9% higher than Knoxfield’s.
  • House price growth: Over the past 12 months, house prices in Scoresby have grown 2.8% higher than in Wantirna.
  • Unit price growth: Property prices in nearby Knoxfield have risen 9.1% more than in Scoresby over the past year.
  • Selling speed for houses: Properties in Scoresby are selling 25.5% faster than in Wantirna South.
  • Investment considerations: In Scoresby, the rental yield for house is .0% lower than the Melbourne average, while the rental yield for units is 1.2% higher.
  • House price growth: Over the past 12 months, house prices in Scoresby have grown 2.5% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Scoresby have grown 25.6% higher than the average rate of growth for units across Melbourne.

Common questions about Scoresby

  • Is Scoresby a nice place to live?

    Scoresby is a charming suburb that offers a delightful blend of suburban tranquility and accessibility, making it a fantastic place to live. Known for its peaceful atmosphere, Scoresby is a family-friendly haven with a strong sense of community. The suburb is well-equipped with essential amenities, including shopping centres, schools, and parks, ensuring that residents have everything they need close at hand. Its proximity to the EastLink freeway provides convenient access to Melbourne and surrounding areas, making it an ideal location for those who commute to the city for work or leisure.

    The suburb's vibe is relaxed and welcoming, with a community-oriented lifestyle that appeals to families and mature residents alike. Scoresby is particularly attractive to families, offering a safe environment with plenty of green spaces for children to play and explore. The presence of quality schools and recreational facilities further enhances its appeal to those raising families. While Scoresby may not have the bustling nightlife of inner-city areas, it compensates with a serene lifestyle and a strong community spirit.

    One of the trade-offs of living in Scoresby is that it may not offer the same level of excitement or cultural activities as more urban areas. However, for those who prioritize a peaceful, family-friendly environment with easy access to the city, Scoresby is an excellent choice. The suburb's stable housing market and long-term residency options reflect a strong sense of community, making it a desirable location for many Australians seeking a balanced lifestyle. Overall, Scoresby is a lovely place to call home, especially for families looking for a safe and nurturing environment.

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  • Is it expensive to live in Scoresby?

    Living in Scoresby, a suburb of Melbourne, can be relatively costly, especially when considering the housing market. The median house price in Scoresby is currently around $998,750, which is quite substantial. For those looking to rent, the average rent for houses is approximately $635 per week, while units are slightly less at $593 per week.

    When comparing these figures to the average full-time wage in Melbourne, which is about $105,000 per year, it becomes evident that a significant portion of one's income would need to be allocated to housing expenses in Scoresby. The median total household income in Scoresby is $1,965 per week, which suggests that while some families might find it manageable, others could find the cost of living here challenging.

    Overall, Scoresby offers a desirable suburban lifestyle with its proximity to Melbourne and various amenities. However, if you are thinking of living in Scoresby, it's important to consider the financial implications, particularly in terms of housing costs, to ensure it aligns with your budget and lifestyle preferences.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Scoresby a good place to invest?

    Scoresby presents a stable investment opportunity, particularly for those looking for steady rental income. Over the past year, the median house value in Scoresby has seen a modest increase of 1.8%, while unit values have remained stable. This indicates a level of resilience in the property market, even amidst broader economic fluctuations. The rental market, however, tells a more dynamic story, with house rents increasing by 2.4% and unit rents by an impressive 5.9%. This suggests a strong demand for rental properties, making it an attractive option for investors seeking reliable rental returns.

    While Scoresby may not be experiencing rapid capital growth, its consistent performance and rental demand make it a dependable choice for long-term investment. The suburb's appeal lies in its balance of affordability and livability, attracting both families and young professionals. With its proximity to key amenities and transport links, Scoresby continues to be a desirable location for renters, ensuring a steady stream of potential tenants. Overall, Scoresby offers a solid investment opportunity with a focus on rental yield and gradual property appreciation.

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Choose the right real estate agents in Scoresby

Choosing the right real estate agent in Scoresby can have a big impact on your sale. While there are 51 real estate agents working in the suburb, but just 5 of them were responsible for 37.6% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.71% to 2.57%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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